Amarinth, RentCo to finance pumping equipment in Africa

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Amarinth, RentCo to finance pumping equipment in Africa

Amarinth and RentCo Africa Ltd have entered a partnership to provide and finance pumping equipment on attractive financing terms, for strategic projects in Africa.

The partnership to finance centrifugal pumps and associated equipment on strategic projects in Africa is projected to allow organisations making investments in pumping equipment to flexibly finance Amarinth’s world-renowned and proven horizontal, vertical and inline vertical centrifugal pumps and associated equipment. In particular, organisations facing capital constraints and are seeking a flexible payment plan.

The partnership with RentCo Africa will see Amarinth deliver confidence to the market that projects can be financed and built, overcoming some common financial barriers and building momentum, helping to bring capital projects across the continent to fruition.

The partnership builds on Amarinth’s goals of delivering better localised support across the world, in-line with local content initiatives, enabling the company to deliver its products into the many challenging projects being undertaken in the region.

READ: Amarinth centrifugal pumps set to enter East Africa market

Itai Choto, Amarinth sales manager for Africa, said the agreement brings RentCo’s financial structuring and funding expertise into the many challenging and capital-intensive projects that the company is working on across Africa.

“We are looking forward to working closely with RentCo, enabling both new and existing clients to exploit fully our centrifugal pumps and associated equipment and bring projects to successful completion,” he added.

Amarinth is a world-leading company specialising in the design, application and manufacture of centrifugal pumps and associated equipment to the offshore and onshore oil and gas exploration, production and refining industry, petrochemical, chemical, industrial and power markets.

Last year, Amarinth underlined its expansion in Africa with the announcement of a strategic partnership with Tsavo Oilfield Services to provide centrifugal pumps and associated equipment to the Eastern Africa market. The company has over the years seen high demand for its products in Africa and signing strategic partnership with other companies will help cement its presence in the market.